Question: Common to both employees: - This is the second pay period of 2022 (January 21, 2022) - The pay cycle is bj-weekly - Both emplovees

 Common to both employees: - This is the second pay period

Common to both employees: - This is the second pay period of 2022 (January 21, 2022) - The pay cycle is bj-weekly - Both emplovees are covered under the company paid Group Term Life Insurance Plan. - The monthly premium is $42.00 for each of them- - Both employees contribute $5.00 per pay to the company Social Club. - Neither employee is on a CPP disability pension Employee 1: Jeff George is 52 He is paid an annual salary o $57,600 In addition to his regular pay he receives a car allowance of $300 a. month. On this pay he will also receive $100 for safety glasses which are a requirement under Health and Safety regulations. Vacation pay accrues at 4% of his pay period salary. Deductions for Jeff include a contribution to his RRSP of 4\% of his salary, and a CRA order of: 30% of his (Gross earnings less the statutory deductions). The CRA has also provided a letter authorizing an additional $100 reduction per pay from his Gross Taxable Income before taxes are calculated. Jeff's TD1 claim code is 2 for both Federal and Provincial taxes. Employee 2: Sylvia Brennan is 42. She earns $20/hr, and normally works 40 hours per week. This pay period she works her regular hours plus 4 hours of overtime. Her employer has agreed to pay her time and a half for those additional hours. Sytvia is paid 4% vacation pay each pay period. Sylvia contributes $50 per pay to her Registered Retirement Savings Plan. Her TD1 claim code is 1 for both Federal and Provincial taxes

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